Previous Page Next Page Page 11 of 14 Question 11 (2 points) Sutton Inc. had $750,000 and $1.5mi in cash on the balance sheet at the end of 2XXO and 2XX1, respectively. Its cash flow from operating activities totaled $1.4mi. The firm sold off $2mi fixed assets, issued $500,000 in common stocks, and paid $60,000 dividends. How much L-T debts did the firm issue or repay? A) repay 90,000 B) issue 390,000 C) issue 90,000 D) repay 3.09 mi E) issue 3.09 mi Previous Page Next Page Page 11 of 14